Should look insane. Will it have raised levels or eventually flatten out? Multiple thin top clear coats would also help flatten things out if that is what you are trying to achieve.
Here is a hollow body Ric in the gallery photos that has a splatter paint look about it and looks uber cool.
http://www.buildyourownguitar.com.au...ead.php?t=3007
Can't wait to see how yours turns out.
EDIT: Was posting before seeing the shots uploaded. Quite a bit of texture happening there and looks really interesting. Were you hoping for a smooth finish? I think if you try to sand it the finish may crumble off and probably best to spray some on a scrap test bit of timber and sand that first before attacking the guitar.